November 10, 2011
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“Chinese industrial output grew at its weakest annual pace in a year in October and inflation fell sharply, raising expectations Beijing will do more to support economic growth by “fine tuning” policy.
A flurry of data on Wednesday showed that China’s factories are bearing the brunt of a modest economic slowdown even as consumer spending and investment in assets such as roads and other infrastructure remain resilient.
China’s annual inflation rate fell to 5.5 percent in October from September’s 6.1 percent — the biggest drop in the annual rate from one month to the next since February 2009 — and a further pullback from July’s three-year peak of 6.5 percent.
Premier Wen Jiabao said prices had fallen further since October, adding to the view that the State Council will start to favor more pro-growth policies, although inflation is still too high to expect a quick cut in interest rates from the People’s Bank of China (PBOC).”
November 9, 2011
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“In the past, Iranian diplomats have repeatedly challenged United Nations weapons inspectors to publish any evidence that Iran is seeking nuclear weapons. Now the inspectors have done that, in a landmark report that cites numerous documents from a variety of sources suggesting that Iran has tried to build warheads.
The weight of evidence in the new report might even alter the calculus of Russia and China, who have for years been Iran’s chief defenders against European and American claims about Iran’s nuclear intentions, analysts said. But it is unlikely, at least for now, to alter their resistance to a military strike intended to disable Iran’s uranium enrichment facilities.
“China and Russia may be more reluctant now to vouch for Iran’s peaceful intentions,” said Karim Sadjadpour, an analyst at the Carnegie Endowment for International Peace. “But they will continue to argue that dialogue, not coercion, is the only way to resolve this issue.”
Iranian officials began reacting to the long-awaited report even before it came out, suggesting earlier this week that it was a politicized document intended to bolster the case for an Israeli military strike on Iran. Speculation that Israel would carry out such a strike has increased in recent weeks. But in a possible indication of deepening concern, Iranian officials have also stepped up a campaign of threats to retaliate massively against any military action, with one lawmaker warning Tuesday that such a strike would make a battlefield not of Iran but of “the entire Europe and the U.S.,” according to Iran’s Fars news agency.”